Re-import duty on treated cut and polished stones assessed including fair cost of treatment, insurance and freight both ways.
Amendments add a new exemption entry for cut and polished precious and semi-precious stones re-imported after treatment abroad, prescribing that duty be levied on a value that includes the fair cost of treatment (including materials whether actually incurred), and insurance and freight both ways; clarifies that goods subjected to remanufacturing or reprocessing by melting, recycling or recasting abroad are not the same on re-import; and defines the referenced Foreign Trade Policy.

Export duty exemptions expanded to allow temporary capital goods removal and transfers to SEZ/STP/EHTP/EOU with procedural safeguards.
The notification permits temporary removal of capital goods for testing, repair, calibration, refining and return without payment of duty upon intimation and account maintenance; allows supply or transfer of goods and capital goods by user industries to SEZ, STP, EHTP units or other EOUs for export-related purposes subject to intimation, proper accounts and rewarehousing; clarifies a user-industry reference in paragraph five; restates exemptions for spares, components and promotional materials within specified FOB limits excluding such value from NFE and Domestic Sale Entitlement; and allows certified clearance of leftover textile fabric into the domestic tariff area on payment of duty against transaction value within a prescribed ceiling.

Income exempted for institutional receipts: Jehangir Art Gallery donations excluded from donors' taxable income subject to conditions.
Notification excludes from a person's total income any amounts received on behalf of Jehangir Art Gallery, Mumbai for assessment years 2006-07 to 2008-09, subject to conditions: income must be applied or accumulated exclusively for the Institution's objects with accumulations above fifteen percent limited to five years; investments must follow modes permitted for charitable funds; business income is excluded from the exemption unless incidental and separately accounted; regular return filing is required; and on dissolution surplus assets must transfer to a similar organization.

Income exemption for institutions conditioned on exclusive application, limited accumulation, restricted investments, and filing compliance.
Income received by any person on behalf of Guruvayur Devaswom shall not be included in such person's total income for the specified assessment years, provided the Institution applies or accumulates income exclusively for its objects with limited accumulations above fifteen percent for up to five years, confines investments to prescribed forms, treats business income as exempt only if incidental with separate books, files returns regularly, and on dissolution transfers surplus assets to a like organization; the notification applies only to recipients' receipts and does not determine the Institution's separate taxability.

Tax exemption for royalty and technical fees: specified foreign companies' payments for security-related projects excluded from taxable income.
Notification excludes from taxable total income the royalty and fees for technical services received by specified foreign companies under listed agreements with the Government of India for services relating to security-connected projects, chiefly the Kaveri engine programme; royalty exemption applies only where such royalty arises on or after 1 April 2003.

Tariff value revision for edible oils and brass scrap updates import valuation under Customs Act.
Substitutes the Table in Notification No.36/2001-Customs (N.T.) to fix tariff values in US dollars per metric tonne for specified edible oils and brass scrap, under the Board's authority conferred by the Customs Act, thereby setting benchmark import valuation figures for the listed chapter headings and goods descriptions.

Special Economic Zone notification designates pharmaceutical SEZ at Chippada after approval to Divi.s Laboratories under SEZ Act.
Notification designates a Special Economic Zone at Chippada Village, Visakhapatnam District for a sector-specific pharmaceutical SEZ to be established by M/s. Divi.s Laboratories Limited, acting under the Special Economic Zones Act and Rules after grant of a letter of approval and satisfaction of statutory prerequisites, and lists specific survey parcels with a defined aggregate land area for the zone.

Salary definition expanded for TDS reporting, triggering revised Form 24Q annexure and quarterly disclosure requirements.
Amendment to Form 24Q substitutes the serial entry on salary details, mandates Annexure I each quarter and Annexure II in the final quarter, and broadens the definition of salary to include wages, pension, gratuity (subject to exemptions), fees, commission, bonus, perquisites, termination payments, advance salary, leave encashment (subject to exemptions), taxable provident fund accretions, deemed Fourth Schedule income, and employer pension contributions. Note (5A) requires quarterly figures for salary and TDS. The new Annexure II prescribes itemised columns for employee identifiers, salary components, specified deductions, Chapter VI-A aggregations, taxable income, tax components, net tax payable, year aggregate TDS, and shortfall/excess in deduction.

Income exemption for donations to the Ashram, subject to application, investment, business-incidence and dissolution conditions.
Any income received by any person on behalf of Sree Ramkrishna Satyananda Ashram shall not be included in that person's total income for the assessment years 2004-2005 to 2006-2007 under Section 10(23C)(iv), subject to conditions requiring exclusive application or limited accumulation of income, permitted modes of investment, exclusion of business income unless incidental with separate books, regular return filing, and transfer of surplus on dissolution to a similar organization.

Income exemption for charitable trust receipts applies to Navajivan Trust when prescribed conditions on application, investment, accounting and dissolution are met.
Receipts received by any person on behalf of Navajivan Trust, Ahmedabad shall not be included in that person's total income for assessment years 1998-1999 to 2000-2001 under the charitable trust exemption, provided the Institution applies or accumulates income solely for its objects; confines investments or deposits to permitted forms; excludes business income unless incidental and separately accounted; files returns regularly; and on dissolution transfers surplus assets to a like organization.

Export Licensing amendments: manufacturers deleted, renamed and added under Export Licensing Note one affecting fertilizer manufacturer lists.
Amendments to the lists of fertilizer manufacturers under Export Licensing Note 1, Chapter 31 Schedule 2 ITC(HS): five companies deleted from the B list of DAP manufacturers; Indogulf Corporation Ltd. renamed to Hindalco Industries Limited (unit: Birla Copper); Hind Lever Chemical Limited renamed to Tata Chemicals Limited (Phosphate Business Division); and FACT, Cochin and Gujarat Narmada Valley Fertiliser Company Limited added to the NP/NPK manufacturers list, issued by the Director General of Foreign Trade in the public interest.

Export control: Beneficiated chrome ore fines/concentrates now restricted to export through designated agency MMTC under policy.
Entry at Sl. No. 83 of Schedule 2 Table B is amended to list tariff items 26100030 and 16100040 as "Beneficiated chrome ore fines/concentrates (maximum feed grade to be less than 42% Cr2O3)" (kg); export policy classified as STE and the nature of restriction requires export through MMTC Limited, effective immediately under powers of the Foreign Trade (Development and Regulation) Act, 1992 read with the Foreign Trade Policy.

Exemption extension for cement and steel in tsunami relief construction extended, prolonging duty-free benefit for eligible projects.
The government amends Notification No. 32/2005-Central Excise by substituting the expiry date in paragraph 5, thereby extending the exemption for cement and steel used in construction of houses in tsunami areas; the amendment is a temporal modification that does not change eligibility or scope of the original relief.

Advance Authorisation inclusion: amendments expand eligibility, replace Licensing Authority with Regional Authority and update notified ports.
Notifications are amended to substitute references to Advance Licence with Advance Licence or Advance Authorisation and to replace Licensing Authority with Regional Authority, requiring production of the licence or authorisation at customs clearance. Multiple notifications expand lists of specified ports and cargo points by adding Dharamatar, Vadinar, Mandideep (Raisen), Durgapur (EPIP), Babarpur and Attari Road. The Explanation is expanded to include supply and installation under turnkey contracts for projects financed by multilateral or bilateral agencies evaluated on Delivered Duty Paid terms. Regional Authority may grant extensions on export obligations subject to payment of fifty percent differential duty and other conditions.

Customs exemption amendments expand exempted food ingredients and packaging, altering notification entries to include specified items.
The Central Government amends the customs exemption notification to substitute the word "Toe" for "Top" in the Table against S.No.167A and to add a series of entries to List 50, expanding exempted items to include specified food ingredients, additives, preservatives, processing aids, proteins, emulsifiers, sugars and acids, antioxidants and sulfite agents, seasoning components, gel ice for air freighting chilled fish, fats and hydrogenated oils, and certain pre formed CPET containers used in packaging.

Export promotion scheme amendments expand eligible ports and cargo locations by substituting place names in customs notifications.
Amendments substitute place-name references in multiple customs miscellaneous exemption notifications related to export promotion schemes so that specified conditions list additional or different ports, cargo points and industrial locations (including Dharamtar, Vadinar, Mandideep, Durgapur, Babarpur and Attari Road alongside existing entries). The changes are effected by textual substitution in the stated conditions or paragraphs of the principal notifications and take effect on publication in the Official Gazette.

Import policy abeyance suspends application of Condition No. 18 in the ITC(HS) import schedule temporarily.
The notification places Condition No. 18 in Chapter 1A (General Notes) of Schedule I (Imports) of the ITC(HS) Classification in abeyance for a limited period, amending the operative import schedule under powers granted by the Foreign Trade (Development and Regulation) Act and the Foreign Trade Policy framework.

Exemption for food and waters not cleared in sealed containers now attracts nil duty under amended notification.
The amendment inserts two tariff entries in Notification No.3/2006 to declare food preparations (2106 90 99) and waters (2201 90 90) "not cleared in sealed containers" as attracting nil duty, and substitutes the S.No.16 description to read "Sugar confectionery (excluding white chocolate and bubble gum)".

Merchant banker filing fees scaled by issue size, payable on draft submission and adjusted on final prospectus filing.
Fees for draft offer documents by merchant bankers are prescribed by tiered schedules for public and rights issues in two time phases; fees must be paid on submission or on estimated issue size if unsettled, with post finalization adjustments requiring deficient fees to be paid within seven days of filing the final prospectus and refunds of any excess by the Board; payment is by demand draft payable to the Securities and Exchange Board of India at Mumbai or the relevant Regional Office city.

Customs notification amendment permits specified unloading and loading operations at Bangalore and Mangalore inland stations.
The Board, under the powers conferred by clause (a) of sub-section (1) of section 7 of the Customs Act, 1962, substitutes the Table entries at serial No. 8 of S.O. 828 (E) to provide that (a) Bangalore: unloading of imported goods and loading of export goods or any class of such goods; and (b) Mangalore: unloading of baggage and loading of baggage.